May 21, 2020 / 1:39 PM / 5 days ago

Kenyan lender Equity Group restructures 25% of loans due to coronavirus

NAIROBI, May 21 (Reuters) - Kenya’s second biggest lender, Equity Group, has changed the terms of loans worth 92 billion shillings ($862 million) or 25% of its portfolio, due to coronavirus-related hardships affecting customers, it said on Thursday. ($1 = 106.7500 Kenyan shillings) (Reporting by Duncan Miriri;Editing by Elaine Hardcastle)

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